Why Did My Medicare Premium Increase?
In 2018, the base premium for Medicare Part B was $134 – this year, in 2019 , it is $135. As the income of the beneficiaries increase, so will the premiums. People who earn between $85,000 to $107,000 annually will be paying $189.60. The payroll taxes only help to cover the Part A costs of Medicare, Part B premiums compensate for 25% of the total expense for Part B services.
Why is Medicare so Expensive?